Investors' Soapbox PM

Avoid the Mess in EMS

Raymond James downgraded Plexus and Sanmina to Underperform.

Electronic-manufacturing services stocks have pulled back over the last three months, driven by either negative estimate revisions, multiple-contraction or both.

Only Plexus (ticker: PLXS) has experienced solid returns (up 15%), driven by a modest increase in estimates but more due to multiple expansion, leaving the stock trading at the high-end of its historical valuation premium to the group....